Dorian Daley Sells 50,000 Shares of Oracle Co. (ORCL) Stock

Oracle Co. (NYSE:ORCL) EVP Dorian Daley sold 50,000 shares of Oracle stock in a transaction dated Thursday, July 5th. The stock was sold at an average price of $45.13, for a total value of $2,256,500.00. Following the transaction, the executive vice president now owns 57,267 shares in the company, valued at $2,584,459.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

ORCL opened at $46.00 on Friday. Oracle Co. has a 52-week low of $42.57 and a 52-week high of $53.48. The stock has a market cap of $185.12 billion, a P/E ratio of 16.31, a P/E/G ratio of 1.48 and a beta of 1.12. The company has a debt-to-equity ratio of 1.21, a quick ratio of 3.96 and a current ratio of 3.96.

Oracle (NYSE:ORCL) last released its earnings results on Tuesday, June 19th. The enterprise software provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.05. Oracle had a return on equity of 23.14% and a net margin of 9.61%. The business had revenue of $11.26 billion for the quarter, compared to analyst estimates of $11.17 billion. During the same quarter in the prior year, the company posted $0.89 earnings per share. Oracle’s revenue was up 2.9% on a year-over-year basis. equities research analysts predict that Oracle Co. will post 3.09 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Tuesday, July 17th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date is Monday, July 16th. Oracle’s dividend payout ratio (DPR) is presently 26.95%.

Several research analysts have weighed in on ORCL shares. TheStreet lowered Oracle from a “b+” rating to a “c+” rating in a report on Monday, March 19th. Zacks Investment Research upgraded Oracle from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a report on Friday, March 23rd. JPMorgan Chase & Co. reiterated a “buy” rating and set a $55.00 target price on shares of Oracle in a report on Tuesday, March 20th. KeyCorp reiterated a “sector weight” rating on shares of Oracle in a report on Tuesday, March 20th. Finally, Credit Suisse Group set a $60.00 target price on Oracle and gave the stock a “buy” rating in a report on Monday, June 18th. Fifteen research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $55.87.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. First Eagle Investment Management LLC increased its position in Oracle by 0.3% during the first quarter. First Eagle Investment Management LLC now owns 40,847,782 shares of the enterprise software provider’s stock worth $1,868,786,000 after buying an additional 109,107 shares during the last quarter. Loomis Sayles & Co. L P increased its position in Oracle by 0.3% during the first quarter. Loomis Sayles & Co. L P now owns 35,859,954 shares of the enterprise software provider’s stock worth $1,640,593,000 after buying an additional 118,005 shares during the last quarter. Geode Capital Management LLC increased its position in Oracle by 3.8% during the fourth quarter. Geode Capital Management LLC now owns 31,379,477 shares of the enterprise software provider’s stock worth $1,480,412,000 after buying an additional 1,141,974 shares during the last quarter. Magellan Asset Management Ltd increased its position in Oracle by 5.6% during the fourth quarter. Magellan Asset Management Ltd now owns 27,762,703 shares of the enterprise software provider’s stock worth $1,312,621,000 after buying an additional 1,472,819 shares during the last quarter. Finally, Boston Partners increased its position in Oracle by 0.7% during the first quarter. Boston Partners now owns 24,538,967 shares of the enterprise software provider’s stock worth $1,122,658,000 after buying an additional 158,593 shares during the last quarter. 56.25% of the stock is currently owned by hedge funds and other institutional investors.

About Oracle

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure technologies for information technology (IT) environments worldwide. It provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

Insider Buying and Selling by Quarter for Oracle (NYSE:ORCL)

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